Cramer Says Macy's Could Reach $30 If This Happens

On CNBC’s “Mad Money Lightning Round," Jim Cramer said he liked Macy’s Inc M very much, but that it was not a highflyer. CEO Jeff Gennette was doing a phenomenal job and the stock could reach $30 if the vaccination drive picks up the pace and reaches where it should have, he added. Although the stock has moved, the rally isn’t over.

Noodles & Company NDLS has been around. Although it seems like the company is making a comeback, it’s been “two steps forward, two steps back,” Cramer said. “I’m not going there,” he added.

Cramer noted Chewy CHWY had “fallen out of favor.” Amazon.com Inc AMZN is stiff competition for the company. Chewy offers specialized treatment and it’s a good stock, he said. “I’m not going to back away from Chewy,” Cramer commented.

ChargePoint CHPT is out of favor, Cramer said. He recommended owning the stock “strictly as a speculation, nothing else.”

For those seeking to invest in infrastructure, Nucor Corporation NUE is better than Caterpillar CAT, Cramer said. However, he added that he liked Caterpillar.